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Small house in nice and quiet village. Price: 7500 Euro
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Small rural house in historical place - 20 minutes away from the shore Price: 13 000 Euro
ba customer services
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New massive house in historical place, Price: 25 000 Euro
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Rural massive house in historical place Price: 12 000 Euro
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Small rural house Lovely view. Good hunting conditions. Price: 11 000 Euro
Постельное белье
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If you want to own freehold property in Bulgaria you
need to own a limited company. The company must not
necessarily be actively engaged in any kind of trade. It is
simply a tool enabling you to buy and own properties in
Bulgaria. The limited company is registered with all
relevant Bulgarian Institutions - The District Court’s
Registry, BULSTAT and the Tax Office. Since the company is a
Bulgarian Business Entity it is required by law to pay taxes
to the Bulgarian Tax Authorities. The most appropriate types
of companies for carrying out business in Bulgaria are.
The most common form of company set up by individuals is a
Private Limited Company
A private limited liability company may be founded by one or
more persons, including foreign, natural or legal persons.
The minimum foundation is 5000 BGN, at least 70% of the
capital must be paid up on foundation. Contribution to the
foundation capital maybe paid in cash or in kind.
A single person private limited liability company is called
“EOOD”. It is owned by a natural or a legal person, the sole
shareholder exercises the powers of the general meeting and
the Managing Director or the board of Directors is appointed
to run the company.
A private limited company must prepare a balance sheet and a
financial statements each year.
The legal fee for registering company is 600 euro.
Other things to consider
Setting up Bank Accounts
There are a host of banks that will allow foreigners to set
up an account which can be in Sterling or Euro. These are
useful for transferring money from UK or anywhere else
outside Bulgaria. In order to set up a bank account, you
simply need your passport and a second ID. The whole process
can be undertaken in a day.
Notary Fees
The notary fees are paid on the higher of the market price
or the book value of the property at varying rates specified
in a special chart and is around 0.5+% of the price. In
addition 2% of the tax value of the property is paid to the
municipality where the property is located.
Property Taxes
The property taxes for your own property in Bulgaria is very
low. For example the annual property taxes in a big
Bulgarian city or holiday resort are 50-70 Euro per year.
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